West Fraser Declares Dividend

Rhea-AI Summary

West Fraser Timber (TSX and NYSE: WFG) has announced a quarterly dividend of US$0.32 per share on both Common shares and Class B Common shares. The dividend will be payable on January 14, 2025 to shareholders of record as of December 27, 2024. The dividends are designated as eligible dividends under Canadian tax legislation and will be paid in U.S. dollars, though shareholders have the option to elect receiving payments in Canadian dollars.

Positive

• Consistent quarterly dividend payment maintained at US$0.32 per share
• Company maintains financial stability to support dividend distributions
• Flexibility offered to shareholders with option for payment in CAD or USD

Negative

• None.

News Market Reaction – WFG

-0.90%

1 alert

-0.90% News Effect

On the day this news was published, WFG declined 0.90%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser" or the "Company") (TSX and NYSE: WFG) has declared a quarterly dividend of US$0.32 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 14, 2025 to shareholders of record on December 27, 2024.

Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

Dividends are declared and payable in U.S. dollars. Shareholders may elect to receive their dividends in Canadian dollars. Details regarding the election procedure are available on our website at www.westfraser.com in the "Investors/Stock Information/Dividends" section.

About West Fraser

West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe, which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials. For more information about West Fraser, visit: westfraser.com.

View original content:https://www.prnewswire.com/news-releases/west-fraser-declares-dividend-302329466.html

SOURCE West Fraser Timber Co. Ltd.

FAQ

What is West Fraser's (WFG) dividend amount for Q1 2025?

West Fraser's dividend for Q1 2025 is US$0.32 per share for both Common shares and Class B Common shares.

When is the payment date for West Fraser's (WFG) latest dividend?

The dividend payment date is January 14, 2025.

What is the record date for West Fraser's (WFG) Q1 2025 dividend?

The record date for the dividend is December 27, 2024.

Can West Fraser (WFG) shareholders receive dividends in Canadian dollars?

Yes, while dividends are declared and payable in U.S. dollars, shareholders can elect to receive their dividends in Canadian dollars.

Are West Fraser's (WFG) dividends considered eligible dividends for Canadian tax purposes?

Yes, the dividends are designated as eligible dividends pursuant to Canadian tax legislation.